Published On: Mon, Jan 4th, 2016

China Halts Stock Trading For Day After Entire Market Crashes

Weak manufacturing data, end to share-sale ban sparked rout; Stocks in Hong Kong extend retreat after mainland halt

Chinese stock investors check their shar

 

Following the initial halt in CSI-300 Futures at the 5 percent limit down level, the afternoon session opened to more carnage and amid the worst ‘first day of the year’ in at least 15 years, Chinese stocks collapsed further to a 7 percent crash. At 1334 local time, stock trading was halted for the rest of the day across all exchanges (at least two hours early).

As Bloomberg reports

Trading was halted at about 1:34 p.m. local time on Monday after the CSI 300 Index dropped 7 percent,  according to data compiled by Bloomberg. An earlier 15-minute halt at the 5 percent level failed to stop the retreat, with shares extending losses as soon as the market re-opened. The selloff, the worst-ever start to a year for Chinese shares, came on the first day the circuit breakers took effect.

 

 

 

 

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